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TIV
Yes its a little disconcerting that the stock is dropping. The good news is the fundamentals justify a much higher price.
OK Buddy fair enough lets wait and hope.
OK Buddy I buy your attitude but do you know anything that is keeping you positive or is it just positive thinking because there is no alternative.
Hey BuddyRich I have been here long for a few years. What makes you sure things are about to turn in the right direction? Other than selling half my original position at 24 cents (bought at 2.7 cents) I have not seen anything here to be happy about. Im sorry I stuck around all this time. If 2create had been a little bit more forthcoming with the negative information when he was selling I would have been gone a long time ago. At this point I am just hanging around hoping you are right.
CSSV
Hank(10bagger)your CSSV is making a nice move today. Gracias for making me aware of it.I bought some last week.
TIV
Pullback on TIV today on light volume. Heres a chance to load up if you havnt already.
cl001
Here is a repost of Jaybirds post on TIV which has a couple inaccuracies but sums up whats happening rather nicely. Also below is a copy of part of Fridays PR which clarifies the current status of production.
Posted by: jaybird249 Date: Tuesday, June 17, 2008 11:58:51 AM
In reply to: None Post # of 3368
TIV: AMEX is the most undervalued Oil play be EVERY metric.
1) Being added to Russell Index Friday. HUGE institutional buying coming.
2) HUGE insider buys.
3) NOW PROFITABLE WITH OVER 3,000 BOE Daily production. The company shows a profit somewhere between 1,500 and 2,000 BOE/day, and around $1/share earnings at around 7,000 BOE, which can be reached within a few months.
4) TIV is a LAGGARD in hottest sector, oil and gas. MOMENTUM players have sent up stocks like PDO and MXC from single digits to $20 ++ TIV is next IMO.
5) TIV is selling at a HUGE discount to comparable stocks in terms of Price/Sales and cash flow.
6) TIV is the FASTEST GROWING LOW COST OIL PRODUCER IN NORTH AMERICA.
7) In 2005 during the last sector boom, TIV ran from $4 to $16 when it was still basically an EXPLORATION company. NOW TIV IS A SENIOR PROUDUCER WITH A CURRENT REVENUE RUN RATE OF $100 MM PER YEAR.
8) Small 20 MM float.
9) 2 MM shares Short at last report.
10) Compare TIV market cap to Canadian Heavy oil/Bitumen plays like BQI. BQI has a $1.1 BILLION market cap and has NO production. If TIV had a $1.1 Billion market cap it would be a $40 stock.
SUMMARY OF TIV PRODUCTION RESULTS
1. Production went from 70 BOE/day to "in excess of" 1,500 BOE since first new discoveries of oil (13 December 07) and natural gas (10 January 08)
2. Greater than 500 BOE/day as of 25 March 08
3. Greater than 1,000 BOE/day as of 8 May 08
4. Greater than 1,500 BOE/day as of 19 May 08
5. Price of Oil at $132/barrel
6. Price of Natural Gas at $11.98/Mcf
7. Now 4 new wells now being prepared to go on line, adding to the current 4, so 2 times 1,500 = 3,000 BOE, as more wells are being drilled.
8. Twenty old wells being re-stimulated, for production, based on the wildly escalating price of oil and gas.
And get out your calculator: The company shows a profit somewhere between 1,500 and 2,000 BOE/day, and around $1/share earnings at around 7,000 BOE, which can be reached within a few months.
From PR
Tri-Valley Corporation (AMEX:TIV) has exceeded 2,000 barrels of
oil equivalent per day (BOED) rate with total field production
recorded at 2,058.3 BOED from its 43 active producing wells on six
California properties. This surpasses the original year end 2008
Company Plan of 2,000 BOED by more than six months.
"With tested productive capacity of individual wells now totaling over 3,500 BOED supporting our facilities expansion and installation planning, and many of the wells choked back during initial productive life for prudent early field development, we are now confident that we can achieve 3,000 BOED by year end, eclipsing our original Company Plan goal by 50%. Should additional drilling permits be obtained on a timely basis, and targeted lease acquisitions and subsequent
developments proceed on schedule as expected, we believe we are on track to become a 10,000 BOED enterprise by the end of this decade,"said Robert Bell, vice president of operations for the operating subsidiary, Tri-Valley Oil & Gas Co.
TIV
Yes and as they said in the PR today a number of the wells are choked back so there is more production coming just from the wells they already have let alone new drilling.
I think it was jaybird who first mentioned TIV here but he sold soon after near the high of the last move up. Looking at these fundamentals this thing may have along way to go.
cl001 I bought the TIV on the 16th of June it ran up came down to the 200 day moving average than today took off again. This baby may be a long term holder if you can stomach the volatility. They sure are executing. No BS here just oil and lots of it.
TIV= 10,000 barrels a day in 2 years. WOW
(COMTEX) B: Tri-Valley Surpasses Year End Oil Production Rate Goals Six Mo
ths Ahead of Plan ( BusinessWire )
B: Tri-Valley Surpasses Year End Oil Production Rate Goals Six Months Ahead of P
an ( BusinessWire )
BAKERSFIELD, Calif., Jun 27, 2008 (BUSINESS WIRE) --
Tri-Valley Corporation (AMEX:TIV) has exceeded 2,000 barrels of
oil equivalent per day (BOED) rate with total field production
recorded at 2,058.3 BOED from its 43 active producing wells on six
California properties. This surpasses the original year end 2008
Company Plan of 2,000 BOED by more than six months.
"With tested productive capacity of individual wells now totaling
over 3,500 BOED supporting our facilities expansion and installation
planning, and many of the wells choked back during initial productive
life for prudent early field development, we are now confident that we
can achieve 3,000 BOED by year end, eclipsing our original Company
Plan goal by 50%. Should additional drilling permits be obtained on a
timely basis, and targeted lease acquisitions and subsequent
developments proceed on schedule as expected, we believe we are on
track to become a 10,000 BOED enterprise by the end of this decade,"
said Robert Bell, vice president of operations for the operating
subsidiary, Tri-Valley Oil & Gas Co.
The most recent production test was made to measure facilities
capabilities in anticipation of establishing a stable production rate
in the 2,000 BOED returning Tri-Valley to operating profitability and
providing a platform for further ramp up of oil and gas production.
"Our team is working feverishly to procure and install increased
facilities capacity in the appropriate properties to accommodate a
steady build up of production in order to maximize benefits from this
strong period of record high oil and natural gas prices," said Joseph
R. Kandle, Tri-Valley Oil and Gas Co. president. Significantly, Kandle
noted that a newly acquired natural gas line would now begin
delivering gas to fire the steam generators at the Company's Pleasant
Valley heavy oil project at a considerable savings over the propane
cost which had been used initially. This one change alone will serve
to substantially reduce the lifting cost and further enhance
profitability from that project.
Commenting further on its recent strategic sale of some of the rig
equipment of its Great Valley Production Services LLC subsidiary,
Kandle noted that GVPS chose to keep its entire fleet of 17 steam
generators to support accelerated growth of production from
Tri-Valley's heavy oil properties and some key personnel were kept to
bolster staff support of increased oil production.
Some of Tri-Valley's producing properties are shared with its TVOG
Opus I Drilling Program LP while others are either partially owned
with other partners or 100% owned by Tri-Valley.
"Thanks to outstanding performance by our technical and staff
team, along with continued strong capital support from our Opus
Drilling Program partners, and increasing petroleum prices, Tri-Valley
is in the midst of mounting a tremendous and unprecedented growth
phase. Our resources are focused to support this rapid growth to
reward our shareholders and drilling partners. More than ever before
we are in the right place at the right time with the right commodity
and positioned for massive expansion," said F. Lynn Blystone,
president and chief executive officer.
Tri-Valley has been in business as a successful operating company
since 1963, and has been a full reporting 12 (g) publicly traded
Delaware Corporation since 1972. Tri-Valley Corporation stock is
publicly traded on the American Stock Exchange under the symbol "TIV."
Our company website, which includes all SEC filings, is
www.tri-valleycorp.com.
Stanley how can you make price predictions on this when it just started trading? Are you basing them on fundamentals or just guessing since there are few technicals to go by? I am not being critical. I bought this thing on a whim yesterday on the recomendations here and dont know a thing about the company and am hoping someone else here does.
So far I look like "Blind Pig Finds Water"
Juniors have been mostly decimated by:
1) Lack of interest.
2) Shorting
3) Money going into ETFs instead of the miners.
This will not last forever.
What is everyones #1 Table pounder potential 10 bagger junior???
Mine is PZG.Anyone else?
I just added to my position.
jaybird you did such good analysis on the TIV I'm surprised you sold so fast. It moved allot but is just breaking out on the long term chart with great fundamentals. Could pull back a little but good chance its going higher.
TIV Bought this one yesterday and looks like one of those stocks that may be ready to go parabolic.
Posted by: jaybird249 Date: Tuesday, June 17, 2008 11:58:51 AM
In reply to: None Post # of 3164
TIV:AMEX is the most undervalued Oil play be EVERY metric.
1) Being added to Russell Index Friday. HUGE institutional buying coming.
2) HUGE insider buys.
3) NOW PROFITABLE WITH OVER 3,000 BOE Daily production. The company shows a profit somewhere between 1,500 and 2,000 BOE/day, and around $1/share earnings at around 7,000 BOE, which can be reached within a few months.
4) TIV is a LAGGARD in hottest sector, oil and gas. MOMENTUM players have sent up stocks like PDO and MXC from single digits to $20 ++ TIV is next IMO.
5) TIV is selling at a HUGE discount to comparable stocks in terms of Price/Sales and cash flow.
6) TIV is the FASTEST GROWING LOW COST OIL PRODUCER IN NORTH AMERICA.
7) In 2005 during the last sector boom, TIV ran from $4 to $16 when it was Still basically an EXPLORATION company. NOW TIV IS A SENIOR PROUDUCER WITH A CURRENT REVENUE RUN RATE OF $100 MM PER YEAR.
8) Small 20 MM float.
9) 2 MM shares Short at last report.
10) Compare TIV market cap to Canadian Heavy oil/Bitumen plays like BQI. BQI has a $1.1 BILLION market cap and has NO production. If TIV had a $1.1 Billion market cap it would be a $40 stock.
SUMMARY OF TIV PRODUCTION RESULTS
1. Production went from 70 BOE/day to "in excess of" 1,500 BOE since first new discoveries of oil (13 December 07) and natural gas (10 January 08)
2. Greater than 500 BOE/day as of 25 March 08
3. Greater than 1,000 BOE/day as of 8 May 08
4. Greater than 1,500 BOE/day as of 19 May 08
5. Price of Oil at $132/barrel
6. Price of Natural Gas at $11.98/Mcf
7. Now 4 new wells now being prepared to go on line, adding to the current 4, so 2 times 1,500 = 3,000 BOE, as more wells are being drilled.
8. Twenty old wells being re-stimulated, for production, based on the wildly escalating price of oil and gas.
And get out your calculator: The company shows a profit somewhere between 1,500 and 2,000 BOE/day, and around $1/share earnings at around 7,000 BOE, which can be reached within a few months.
Just picked up some TIV. Under followed. Thank you for the info jaybird.
Posted by: jaybird249 Date: Monday, June 16, 2008 12:08:26 PM
In reply to: None Post # of 3139
TIV $6.4 2000 Barrels per day production NEXT PDO http://biz.yahoo.com/bw/080612/200806120...
TIV ($6.38) is last undiscovered oil SUPERST0CK
Huge insider buys
Being added to Russell Index on Friday
2,000 BPD production will have 7,000 by end of year $1 annual EPS at that point
Thats CURRENTLY $100 MM + revenue per year
Oil $90
Gold $1,150
DOW 12,000
If Israel was about to attack Iran you can be sure they would not be talking about it.
6 1/2 looks like a good entry point on SUTR for those without a position like me.
Great day today and no posts?
OT
I live outside the USA and only go back about once a year. The first thing I do is go to Walmart not because I love the place but because I hate it so I want to get it over with fast.
Walmart is a necessary evil for me. Im not going to go somewhere else and pay allot more money so I hold my nose and deal with it.
OT
Gibber the Pope is Jewish. He is descendant from a guy that was 100% Jewish. (JESUS)
OK you convinced me just bought 10,000 AOG.
GFRE continuing to move higher.
GFRE breaking its downtrend line to the upside.
Yes I am against the consolidation and for a sector board but if things stay exactly as they are now I am very happy also. You guys do a great job and these boards are incredibly informative and a great way to get new stocks to research. Kudos to everyone that posts on the VMC boards.
"Actually Nuts, I think there are allot more people interested in sectors than you may think, getting in early is key. A sector board is a GREAT idea...."
I second that. "VMC Sector Analysis Board"
"Why did these stocks sell off from their high? Some times I find the PE is not updated for current bad Qs? TIA"
UVE= Most of there business is in Florida so they have vulnerability to regulators but they continue to plug along. Made 35 cents last quarter.
IAR= They publish yellow pages. Worry that less use of printed yellow pages and less advertising during reccession. They are ramping up online business. Even with these negative perceptions they should earn $2.75 this year.
RVI= Retailer. Recession fears.
I own 3 stocks with PEs below 3.
UVE PE 2.28
IAR PE 1.46
RVI PE 1.17
Anyone own XIN and have an opinion?
Put an order in 2 days ago to buy this. Only got a small patial fill. Boy am I happy about that today. What happened?
PZG
I have owned it a couple of years and have increased my position a few times. Normally I am not this patient but this looks like a long term big winner to me.
Any opinions on the PZG here?
FMA
Picked up 10,000 this morning at $1.09.
Keep the boards separate. Posters have different interests. Some one may be very interested in metals and have no interest in agriculture. Its not very hard to read the boards separately.
HRBN
(COMTEX) B: Harbin Electric Reports Record Revenues and Operating Profits
or the First Quarter 2008 -- Sales Grew 65% Year-Over
B: Harbin Electric Reports Record Revenues and Operating Profits for the First Q
arter 2008 -- Sales Grew 65% Year-Over-Year ( PR Newswire )
HARBIN, China, May 9, 2008 /Xinhua-PRNewswire-FirstCall via COMTEX/ --First
Quarter 2008 Financial Highlights
-- Total revenues were $22.5 million, an increase of 65% compared to
$13.6 million in the first quarter of 2007
-- Operating profit was $8.6 million, up 68% compared to the first quarter
2007
-- Net income was $5.4 million, a 57% increase from the first quarter of
2007
-- Diluted EPS were $0.27, compared to $0.19 for the first quarter 2007
-- Automobile micro-motors business exceeded expectations with
approximately $9 million in revenues
GFRE= Have owned for awhile and not selling.
(BSNS WIRE) Gulf Resources, Inc. Announces First Quarter 2008 Financial Results
Gulf Resources, Inc. Announces First Quarter 2008 Financial Results
NEW YORK & SHANDONG PROVINCE, Ch8U. --(BUSINESS WIRE)----
Gulf Resources, Inc. (OTCBB: GFRE), a leading producer of bromine,
crude salt and specialty chemicals in China, today announced its
operating results for the first quarter of 2008.
Net revenues for the first quarter of 2008 increased 118% to $21.9
million compared to $10.1 million for the first quarter of 2007. First
quarter's net income was $6.1 million, compared to $2.6 million for
the first quarter of 2007, with earnings per share increasing to $0.06
per diluted share compared to $0.03 per diluted share for the
comparable period of 2007.
Ming Yang, Chief Executive Officer of Gulf Resources stated, "We
are very pleased with our first quarter results. During the quarter,
our growth in revenues and the increase in net income, compared to
last year's results, were due to our successful integration of four
bromine acquisitions completed in 2007 and an improvement in operating
efficiencies across all our businesses. Additionally, during the
quarter we completed our fifth acquisition of a bromine production
facility, with annual production capacity of roughly 4,700 metric
tons, and look forward to a significant contribution from this
acquisition in future quarters due to continuing strong demand."
First Quarter Highlights
The $11.8 million increase in net revenues during the first
quarter of 2008 was attributable to strong growth in sales in our
bromine and crude salt segment, with its revenue more than tripling to
$16.4 million from $5.3 million in the first quarter 2007. This was
primarily a result of the five bromine asset purchases, production
increases in our existing facilities and favorable foreign exchange
rates. Another factor contributing to the Company's revenue increase
was the 16% increase in chemical product sales, which reached $5.5
million, up from $4.8 million in the first quarter 2007. This increase
resulted from the introduction of new products and the addition of new
customers.
Gross profit in the quarter was $9.4 million with a gross margin
of 43%, compared to $4.0 million in gross profit and a gross margin of
40% recorded during the first quarter 2007. The favorable variances
resulted from the higher revenues, along with increased economies of
scale achieved in large part due to the asset acquisitions while
continuing to improve operational efficiencies and cost controls.
General, administrative, and research and development expenses in
the quarter were $1.0 million, up $0.9 million from last year's first
quarter level, reflecting the professional fees resulting from the
Company's new corporate structure and the funding of a new research
venture.
Net income in the first quarter was $6.1 million, an improvement
of $3.5 million, or 140% from the prior year's $2.6 million. This
increase reflects the higher revenues, improved cost efficiencies and
a reduction in our effective tax rate in the quarter to 27%, resulting
from the lowering of the Chinese corporate income tax rate.
Balance Sheet and Cash Flow
The Company had $11.0 million in cash and equivalents, and $20.9
million in notes payable as of March 31, 2008. During the quarter, the
Company generated $7.1 million in cash from operations, an increase of
$6.0 million over the first quarter 2007 level, largely due to the
increased net income.
Fiscal 2008 Outlook
Gulf Resources reaffirms previously issued guidance for its 2008
financial results, with revenues expected to be between $84 million to
$90 million, net income expected to be between $22 million to $25
million, and diluted earnings per share expected to be between $0.22
and $0.25. This guidance does not include the impact of any unusual
charges or the impact of potential acquisitions.
Mr. Yang concluded, "Gulf will continue to leverage our leading
position in the China bromine market to seek out opportunities for
profitable growth, through acquisitions and operating efficiencies, in
both our business segments. We are delighted about the progress our
company has realized in the past and look forward to building upon
that in each succeeding quarter. Our focus is, and will remain, to
provide increased value to our shareholders."
About Gulf Resources, Inc.
Gulf Resources, Inc. operates through two wholly-owned
subsidiaries, SCHC and SYCI. SCHC is engaged in the production and
sale of bromine and crude salt in China. Bromine is used to
manufacture a wide variety of compounds utilized in industry and
agriculture. SYCI manufactures chemical products utilized in a variety
of applications, including oil & gas field explorations and as
papermaking chemical agents.
Ari5000 great call on the HRBN. Bought it 2 days ago at $14.65 after you brought it to my attention. Thank you and keep up the good work.
IAR is grossly undervalued even after todays big move.
IAR = Cheap
(IAR (Idearc, Inc.) announces Q1 eps of $0.79 (est: 0.63)
IAR (Idearc, Inc.) announces Q1 eps of $0.79 (est: 0.63)
basis, FIRST-QUARTER NET INCOME WAS $116 MILLION (A DECREASE OF 2.5 PERCENT VERSUS THE SAME PERIOD IN 2007), OR 79 CENTS PER DILUTED SHARE. free cash flow
for the period was $193 million based on cash from operating activities of $202
illion, less capital expenditures of $9 million. multi-product advertising
sales for the first quarter declined 6.2 percent compared to 2007. webcast
information idearc welcomes investors, media and other inte.......
Company Name: Idearc, Inc.
Quarter: Q1
Zacks EPS Estimate: 0.63